Rayonier Inc. (NYSE:RYN – Get Free Report) has received an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.80.
A number of equities research analysts have recently issued reports on RYN shares. Weiss Ratings upgraded Rayonier from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Truist Financial reduced their price target on Rayonier from $25.00 to $24.00 and set a “hold” rating on the stock in a research report on Wednesday, July 15th. Finally, Citigroup upped their price target on Rayonier from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, August 10th.
Read Our Latest Analysis on Rayonier
Rayonier Stock Performance
Rayonier (NYSE:RYN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $396.51 million during the quarter, compared to the consensus estimate of $374.28 million. Rayonier had a return on equity of 3.49% and a net margin of 7.83%.The firm’s quarterly revenue was up 272.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. As a group, equities research analysts expect that Rayonier will post 0.44 earnings per share for the current fiscal year.
Rayonier Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Rayonier’s payout ratio is presently 231.11%.
Insider Buying and Selling at Rayonier
In related news, EVP Mark Bridwell sold 5,318 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $20.19, for a total transaction of $107,370.42. Following the completion of the sale, the executive vice president directly owned 131,661 shares of the company’s stock, valued at approximately $2,658,235.59. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.85% of the company’s stock.
Hedge Funds Weigh In On Rayonier
A number of institutional investors have recently added to or reduced their stakes in RYN. Envestnet Portfolio Solutions Inc. boosted its position in Rayonier by 231.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 71,878 shares of the real estate investment trust’s stock valued at $1,530,000 after buying an additional 50,185 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Rayonier by 7.9% during the second quarter. Integrated Wealth Concepts LLC now owns 15,117 shares of the real estate investment trust’s stock worth $322,000 after acquiring an additional 1,111 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Rayonier by 193.9% during the second quarter. Squarepoint Ops LLC now owns 128,602 shares of the real estate investment trust’s stock worth $2,737,000 after acquiring an additional 84,843 shares during the last quarter. Waverly Advisors LLC lifted its stake in shares of Rayonier by 13.9% in the second quarter. Waverly Advisors LLC now owns 99,991 shares of the real estate investment trust’s stock worth $2,128,000 after acquiring an additional 12,211 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC acquired a new position in shares of Rayonier in the second quarter worth about $932,000. Institutional investors and hedge funds own 89.12% of the company’s stock.
About Rayonier
Rayonier Inc (NYSE: RYN) is a real estate investment trust that owns, leases and manages timberlands. The company generates revenue primarily through the sustainable harvesting and sale of timber, including sawtimber, pulpwood and chip products used in construction, packaging, pulp and paper manufacturing, and other wood products industries.
Rayonier’s timberland portfolio spans the U.S. South, the Pacific Northwest and New Zealand. In addition to timber operations, the company manages a real estate business that monetizes land through rural and recreational property sales, residential and commercial development, conservation transactions, and other higher-value uses.
See Also
- Five stocks we like better than Rayonier
- Chips to Bots: Qualcomm’s Agentic AI Breakout
- Ciena Fell 40%—Now One Analyst Sees 50% Upside
- Energy Transfer Taps the AI Power Boom
- Viking’s Obesity Edge May Be Staying Power, Not Weight Loss
Receive News & Ratings for Rayonier Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rayonier and related companies with MarketBeat.com's FREE daily email newsletter.
